Profit ly Fake

Is Profit ly A Scam?

Yesterday, I posted a review of Profit.ly. If you are unfamiliar with Profit.ly, then please read the post that contains information on how I gamed the Profit.ly trade verification system with the intention of becoming the worlds worst trader. In a very short period of time, I was able to create fake account statements and then upload the statements into Profit.ly that showed that I had lost $650,000,000. This loss officially crowned me as the worst “verified” trader on Profit.ly. Since everyone on Profit.ly is trying to be the most impressive trader, achieving my goal was relatively easy.

However the real goal was not to show that I was the worlds worst “100% verified” trader on Profit.ly. The goal was to show that anyone, in only a few minutes could creatively game the Profit.ly verification system. And in addition, expose Profit.ly for what it really and truly is…a marketing platform to sell useless membership subscriptions and educational DVD’s to naive investors.

One Day After My Post

Today, I received a clever email from a high school kid in upstate New York. He prefers to go by the name Young Jeezy. I have no idea what a Jeezy actually is. Anyway, he also notified me that he had also easily gamed the Profit.ly system with the sole purpose of showing himself as a millionaire trader. His motivation was to show “big money” trading, and that the trade results would be used as link bait for affiliate marketing. The idea was that if a high school kid could become a trading millionaire buy purchasing Profit.ly products, then anyone could. The hustle was to use his story as link bait that people would click on, and then once clicked on, a tracking cookie would activate and any purchases made a Profit.ly would earn him a commission of sales.

Executing The Scam

Young Jeezy then explained to me how he created his millionaire trader persona, complete with fake trades showing massive profits…all he did was create demo accounts with the intention of uploading fake trades into Profit.ly. How? Create TWO demo accounts at any of the 30+ brokers listed on Profit.ly. Once the dual accounts were created, next you buy 10,000 shares of a popular stock in demo account A, and then sell 10,000 shares in demo account B. The net effect is that one of the two accounts will always show a winner. Everyday, simply upload into Profit.ly only the results from the demo account with the winning trade. After a short period of time, you can now show a Profit.ly equity curve that looks fantastic. Everyone once in awhile, he explained that he would pepper in a losing trade to make it look believable.

Next Create Webpages and Video Testamonials

After he created the “verified” track record, he then created several websites touting his success. He also created several You Tube video testimonials. Young Jeezy refused to give me the web addresses and video testimonials, but he did send me a long list of websites of others pulling the same hustle, and others that had also created fake video testimonials. Example below:

If you watch this video, its pretty laughable. Of course, I don’t expect you to believe me, simply go to You Tube and search the names of gurus on Profit.ly that are selling DVD’s and advisories. Also, the internet is lliterallyclogged up with people attempting to earn a quick buck with this exact same testimonial hustle.

Coming Clean

I asked Young Jeezy why he decided to contact me and tell me about the scam. He explained that initially he was earning about $1500 a month for several straight months but slowly the amount tricked down to nearly nothing. The typical life cycle of a Profit.ly newsletter is only 30 days, and the target might purchase an educational DVD. But nobody would subscribe for more than 60 days. Sometimes they would purchase a Tim Sykes subscription, then another guru, then another, but in the end they would end of cancelling.

In addition to the income drying up, friends and family became aware of the web videos and became concerned that he was committing fraud. He thought about using a fake name and paying for fake reviews from professional reviewers on fiverr. But in the end, he decided to go back to college and finish his education.

Well that’s it for today. Thanks for reading. I understand that when Tim Sykes and the rest of the gurus and affiliate marketers read this post and all of its raw negativity, they will how with anger and attack me. Truthfully, it is easier to just keep my mouth shut and let stupid people just keep being stupid, but just a little part of me say’s “fuck it”. Please leave your comments below. Speak freely, speak liberally.

Mike, your comments are always welcome. I have never muffled a comment. Even the nutty jew hater got to spew his nonsense.

My only gripe with Profit.ly is how easy it is to game. A lot of these clowns use the platform to import fake trades, then drive the traffic to their main marketing site. We both know it. It is, what it is.

Emmett, I’m not sure what profit.ly was like when you posted this review, but I can tell you about my experience. I personally just tried to, as you suggested, verify papertrades through TD Ameritrade. As I said, they may have fixed this since your first review but the point is this…. NOTHING came up. As I have not done any trades within the actual account, just paper trades. Secondly, with regard to Tim, I have not signed up for any of his services but I can tell you this. Tim is open about the fact that his strategy isn’t scalable… Read more »

Profitly, as well as Investimonials are wonderful marketing platforms. But anyone, and I mean anyone can be millionaire trader by simply importing fake trades. You can create DEMO accounts with nearly all of the listed brokers on Profit.ly, all fake trades. Only import the winning demo accounts. Also, they have this importing feature for something called a “secret broker”. Seriously? A secret broker? Amazing stuff. Pure fiction.

Understand that these sites do not cater to real traders. These sites cater to the naive, looking to hustle the sale of a DVD, or an advisory service. Pure nonsense.

Robert what about us trades that trade outside of US the i verify all my US trades but can not verify my trades from my country? but i still want to keep them on profitly ? I fully understand what you say and want to do but i guess the most ones that are bad talking aboput all the gurus is the guys that only loose money and might have blown up their accounts. i trade in sweden 90% of the time and have been adopting the strategys to sweden from US and make so much more money with the… Read more »

I must tell you that this blog fascinates me, I never leave comments like this but I felt this time I had to. Your research and attention to detail is 2nd to none and I applaud you for that. I have been in the trading biz for some time now and have seen so many of these snake oil salesman come and go that it is about time someone like yourself steps up to show the truth. Other sites claim to show real reviews but they are so flawed its laughable, especially the sites owned by the snake oil salesman… Read more »

Hello there. I am the technical guy behind Profitly and wanted to address this personally. You did NOT verify any trades on our platform by using our broker connect feature. You simply created a fake spreadsheet of trades and uploaded them. Even an idiot could see through this. You can see verified trades on our site. Click around. See the little check mark that says verified? None of your fake trades have this. Furthermore, we do not allow demo accounts to verify trades. I’d say you get 0/5 stars on truth.

Hi Mike, Thanks for taking the time to write. I appreciate that you are trying to remove a lot of the BS from the trading education community, unfortunately a lot of guys are figuring out creative workarounds to your reporting system, an example would be the very popular Investors Underground chat room. For the past year, Nathan has been reporting average profits of around $200,000 each month and using this as marketing material and sales bait. He is also listed on your website as a recommended “GURU” which implies credibility. In fact, just in the past few days, Nathan’s performance… Read more »

We can’t force everyone to show their trades but those with the most trust/karma will alert in realtime. Showing all trades helps individuals be better as traders and most importantly the community weeds out fakes thanks to our reporting systems.

Profitly…I rather expect the FTC is going to take it down. The financial regulators could care less. The Profit.ly site is really more about consumer fraud. Like selling boner pills that are made of herbs. Or a book on how to get free money from the government. In a lot of ways, Tim Sykes reminds me of Kevin Trudeau. Another guy selling worthless financial DVD’s and is now sitting in prison for 10 years. You can only fleece the consumer for so long before the government starts hammering away. I have absolutely zero doubt that Profit.ly will be shut down.… Read more »

It will be a beautiful scene if and when that happens. Seeing Sykes in handcuffs would be the ultimate vindication for the 10’s of thousands he duped and scammed of their life savings. One thing, Emmett, I noticed you being a little contradictory and I thought I’ll point it out, in your above comment you compared long time con man Kevin Trudeau to Sykes which I agree with, in another comment you referred to Sykes as a ‘good guy’ ‘brilliant and not a fraud’?, did you know if you’re a paid member on Investimonials and someone writes a negative comment… Read more »

Sykes is a fraud all around, the last time I heard he had something like 400 lemmings in his chat room, do you really believe that 400 people are going to be able to short some cheap garbage penny stock? of course not, there are no borrows for that and Sykes knows it yet he’s still selling chat room memberships.

Unfortunately Sykes knows that white collar crime pays in the US, that’s why there are so many of these guys all over the net. If someone steals a used TV they get 20 years in solitary confinement…smh

Your verification process is flawed by you allowing trades to be verified individually and not collectively you should have only one option when someone is verifying trades and that is from beginning of the month until end of the months for the months that has past! U should not at any circumstance have any other options to upload trades in your system period ! Also you should crete separate page which will show not verified trades under “Paper trades” page! this is easy to do and it could be done fast if you have will to do it ,but you… Read more »

Your missing the point M Gordon. Profitly exists for one reason only, to further Timothy Sykes’ internet marketing efforts. And it appears it has been a successful tool for him, especially after the failure that is Investimonials.

Allowing people to upload anything means more users/visitors as well as bullshit claims of success by the “gurus”/”teachers”.

And why would anyone want to upload anything to profitly anyway? What do I care if Joe or John makes $X,XXX more or less than me? Unless Joe or John having something to sell of course…

I was a member of Paul Scolardi (Superman) chatroom for 6 months after going through his Bootcamp training. I paid $5,000 for the Bootcamp which was extensive training vi webinars once a week for 10-12 weeks. I have to say that Paul’s background as a CPA and CFO was apparent in the subjects covered. He knows how to breakdown a company’s financials and can scan a press release within minutes and decipher whether it’s positive or negative. He also has a very simple charting / indicator strategy which even a new trader would have no problem grasping. Do I think… Read more »

haha. Definitely will let the board know exactly how it went. I’m hoping the red days will be due to me chasing or not respecting my stop. I’d really like for the experience at Superman’s site to work out, but the numbers won’t lie. I’ve already read some members at investimonials that received the ‘alerts’ after the stock had already ripped +.20. Maybe they were members of a newsletter. It would be very disturbing to get his long positions in a chatroom after it had already took off. We’ll see.

Have heard the same thing with Tim’s picks. He makes the trade, and then the unwashed masses rush in, and there are a lot of them! I believe this is the reason why he is coming out with a swing trading product. At Tim’s core is a good guy, not this BS “Big Money” persona. In my opinion, the BS persona is insulting to our job as speculators, and feeds into a fake narrative. Best of luck.

Thanks for taking the time to put together this write up Emmett. I appreciate all the info you post. I read your review of Superman (Paul Scolardi). I was going to sign up because of you positive reviews you had for him, but noticed he’s also on the profit.ly website. Do you still think he’s legit, considering he’s on that profit.ly website? Thank you, Derek

Scolardi is real. I can only comment on what I was able to record in real time. I recorded trades in real time. But let me give you three considerations: 1. In the past few days, a lot of people have reached out to me and disclosed some really clever ways to upload fake trades onto profit.ly. This new information cracks the very foundation of what Profit.ly represents. It can be fixed, but Tim Sykes would be taking a massive hit on sales because he is making millions of dollars selling products. The simple way for Tim to clean up… Read more »

TIM is a jew, jews are borned to be scam artist and pathologocal liar. They are not human, really. His website was not mean to be the truth, it was a MARKETING website to sell his shitty DVDs that teach people how to short pump and dump that he pump himself through his silver subcription trash. Because of PTD rule not everybody can short or GET available share to short, most broke simply does not allow to short pennystock. One can but is oversea . . . smell scam . . . smell like your money oversea will never come… Read more »

You are entitled to your world view. And certainly free to speak your mind, however offensive. But before you start throwing around racial prejudice and bigotry, you should read my “Warning” page. You will quickly discover that i am one of the worst penny stock, investment scam artists during the entire 1990’s era. Truly. I am not a Jew.

Real or not, people generally still lose money with this guy, I was a paid subscriber, and the way things work with all these furus is; they send out alerts, sheep (yes, I used to be a sheep) buy the stock, furu sells on spike and sheep end up holding the bag. Only two out of 10 so-called pro calls turned out to realize. I am actually doing better trading on my own instead of following people like this. I appreciate the info here (a lot of it is very good), but it doesn’t reflect everything that goes on with… Read more »